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I plan to buy a private apartment while I own HDB now. My friend told me a way that I could transfer my 50% HDB ownership to my wife or kid, so I can buy condo without paying additional 7% tax. Is this workable? Thanks
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4 Answers

Morning, I would have to said that your friend have given you the wrong information. Let's say you bought this unit under public scheme, you and your spouse are the co-owners of the unit. The only chance for your ownership to be removed is when both of you are officially divorced. FYI Mike Lim 96929209  m52i@yahoo.com ERA Read More
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Hi, that is called decoupling. Pls feel free to let me know if you need any assistance. Regards Aaron 97308455  aaronchong2774@yahoo.com.sg Read More
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Zheng Yanhui(Alex)
Good morning , You cannot transfer the ownership to your wife if this is your matrimonial house . Can i know which private apartment you are looking ? I will be glad to assist you. Regards Yanhui (Alex) ERA HP:9273 6096 Read More
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Are you indicating that you will transfer your share of property to your wife and you in turn become an essential occupier of the property such that you will be freed up to purchase a 2nd property without any ABSD? In this scenario, you will need to answer the following: 1) Is there any outstanding loan for your current property? 2) Is it financially viable for your spouse to undertake the remaining of the loan, as well as paying back the amount of CPF you have utilised with accrued interest? Keep in touch! Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! ARE YOU FREE on 10th or 11th May?? The original one landed homes sales exhibition is back! Featuring an estimated more thann 200 landed homes for sale islandwide,we had many successes in matching buyers to units over the past few events held. Register your interest to attend this private and exclusive event today through email or SMS. The Bridge - Cambodia An emerging market with economic boom for the past few years, be the first movers to invest in Phnom Penh, Cambodia. Oxley Holdings, 1 of the joint developers first Cambodian project, where more than 300 units were sold during the first week of sale in Cambodia. Attractive rental guarantee with low quantum price, a match made in heaven for investors with US$150k up and no intentions to loan for investment. Contact us to find out MORE! Read More
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